A firm's demand curve for labor slopes downwards because
A) firms supply less labor as the wage rate rises.
B) of rising marginal product.
C) workers supply less labor services as the wage rate falls.
D) of the law of diminishing marginal returns.
D
Economics
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Jose is rational if he
A) does not intentionally make decisions that would leave him worse off. B) never makes a mistake in his life. C) only responds to rewards that involve money. D) always uses a model or mathematical formula to help him make a decision.
Economics
As the wage rate falls, other things constant, perfectly competitive firms will employ
A. the same number of workers. B. more capital. C. fewer workers. D. more workers.
Economics